Advanced Drainage Systems, Inc. $WMS Position Trimmed by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd lessened its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 66.6% during the 4th quarter, HoldingsChannel reports. The fund owned 59,417 shares of the construction company’s stock after selling 118,217 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in Advanced Drainage Systems were worth $8,605,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. grew its stake in shares of Advanced Drainage Systems by 352.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 226 shares of the construction company’s stock valued at $26,000 after buying an additional 176 shares in the last quarter. Baird Financial Group Inc. grew its stake in shares of Advanced Drainage Systems by 1.8% in the 2nd quarter. Baird Financial Group Inc. now owns 21,049 shares of the construction company’s stock valued at $2,418,000 after buying an additional 382 shares in the last quarter. Brown Advisory Inc. grew its stake in shares of Advanced Drainage Systems by 14.0% in the 2nd quarter. Brown Advisory Inc. now owns 4,784 shares of the construction company’s stock valued at $549,000 after buying an additional 588 shares in the last quarter. Jump Financial LLC bought a new stake in shares of Advanced Drainage Systems in the 2nd quarter valued at approximately $403,000. Finally, California Public Employees Retirement System grew its stake in shares of Advanced Drainage Systems by 2.2% in the 2nd quarter. California Public Employees Retirement System now owns 101,512 shares of the construction company’s stock valued at $11,660,000 after buying an additional 2,206 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on WMS. Jefferies Financial Group began coverage on Advanced Drainage Systems in a research note on Thursday, June 11th. They issued a “buy” rating and a $175.00 price target for the company. Royal Bank Of Canada boosted their price target on Advanced Drainage Systems from $168.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday, June 8th. UBS Group reduced their target price on Advanced Drainage Systems from $215.00 to $205.00 and set a “buy” rating for the company in a report on Friday, May 22nd. Stephens upgraded Advanced Drainage Systems from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $190.00 to $175.00 in a report on Wednesday, May 27th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Advanced Drainage Systems in a report on Monday, April 20th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $185.75.

Advanced Drainage Systems Stock Up 5.0%

Shares of WMS stock opened at $143.66 on Wednesday. Advanced Drainage Systems, Inc. has a 12 month low of $109.63 and a 12 month high of $179.32. The firm has a market cap of $11.01 billion, a PE ratio of 26.41, a price-to-earnings-growth ratio of 1.47 and a beta of 1.29. The stock has a 50 day moving average of $141.86 and a 200-day moving average of $148.94. The company has a quick ratio of 1.35, a current ratio of 2.42 and a debt-to-equity ratio of 0.92.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings results on Thursday, May 21st. The construction company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.12. Advanced Drainage Systems had a return on equity of 26.63% and a net margin of 13.98%.The company had revenue of $676.76 million during the quarter, compared to analyst estimates of $651.92 million. During the same period in the previous year, the company earned $1.03 earnings per share. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, equities analysts predict that Advanced Drainage Systems, Inc. will post 6.55 EPS for the current year.

Advanced Drainage Systems Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a $0.20 dividend. The ex-dividend date was Monday, June 1st. This is a positive change from Advanced Drainage Systems’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.6%. Advanced Drainage Systems’s dividend payout ratio is currently 14.71%.

Advanced Drainage Systems Company Profile

Advanced Drainage Systems, Inc (NYSE: WMS) is a leading manufacturer and supplier of water management solutions in North America. Headquartered in Hilliard, Ohio, the company specializes in the design, production and distribution of high-density polyethylene (HDPE) drainage pipe and related products. Its core business addresses stormwater management, on-site septic systems and erosion control for residential, commercial and infrastructure projects.

The company’s product portfolio includes corrugated plastic pipe, tubing, fittings, geocells, geogrids and stormwater structures such as inlets, manholes and detention/retention systems.